The native token of Matic Network, after a great deal of tug of war over an inaccurate claim, had slid down by 70%. However, the twitter feud resolved and the Matic network cleared their stance over this matter. The MATIC price fared poorly amidst this feud.
MATIC Price analysis:
MATIC token price is making a steady comeback following this feud. Looking at the one-day chart, one can observe that the price growth is slow but steady. After falling to $0.016 USD in the late hours of Tuesday, the price now has risen to $0.019 USD. Even Though the percent change is showing a negative value of -4.86%; the price is definitely better than a day earlier.
The technical indicators show that the token is showing bullish signs.
- RSI Indicator – the one-chart of RSI shows the price nearing the 60 levels with continual growth.
- MACD Indicator – The one-hour MACD Chart is in green region depicting price growth.